Castle Minerals shares rise on gold identified at Wa Project

Castle Minerals (ASX: CDT) has reported that at least 11 large new gold geochemical anomalies have been identified at the south end of Castle’s Wa Project in Ghana, West Africa.

Regional scale first pass soil sampling was conducted on traverses spaced between one and five kilometres apart.

The sample lines were oriented east-west targeting both the Wa-Lawra and Bolgatanga greenstone belts and the extension to the Batie West shear zone.

Castle’s Managing Director, Mike Ivey, said “to receive strong gold anomalism on such a wide spacing is very encouraging especially considering that this is our first sampling of these areas."

"Gold values on consecutive sample lines spaced five kilometres apart have identified a number of highly prospective areas that warrant immediate follow up and we now have a number of specific corridors to focus our exploration effort. Our aim is to define drill ready targets for testing as soon as possible."

Sampling has been underway since late 2009 and to date 5,403 samples have been collected representing approximately 270 line kilometres of gridding and sample collection.

Analytical results have now been received for the southern portion of the sampled area and have defined at least 11 regional scale gold anomalies. Collectively these anomalies highlight gold anomalous trends over 60km of strike.

Anomalous gold in soils values were reported against very low background levels providing specific corridors for infill sampling, geological mapping and rock chip sampling.

In most cases the sampling is too wide spaced to draw conclusive trends with confidence. However, nearly all anomalous areas fall on major structures and/or lithological boundaries which are considered favourable sites for gold mineralisation.

Detailed sampling and mapping is required for all targets identified.

Of particular significance is a 2km wide zone of anomalous soils reporting above 100ppb gold. This anomaly is situated immediately south of the interpreted extension to the Batie West shear zone on the southern margin of an intrusive granite.

The Batie West shear zone is related to gold mineralisation at Ampella’s (ASX: AMX) 1.2 million ounce Konkera gold deposit in Burkina Faso 50km to the north west.

Other areas of interest include: a 10km long anomaly interpreted to overlie the eastern margin of an internal granite at the interpreted intersection with the Batie West structure;

A continuous 20km long anomaly defined in the central southern portion of the project area
and extends south to the historic artisanal Jantigi gold workings 15km east of the town of
Bole;

and also a 5km and 3km long anomaly on the east side of the project along strike from historic gold mineralisation at Senyon 20km to the SW is of interest.

Infill sampling and mapping is planned to commence in April with additional sampling teams
employed to quickly advance these targets in preparation for drilling.
Castle Minerals shares rose 10% to 49 cents in trading this morning.

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